Westward Gold Inc · CSE:WG
Westward Gold — Investor Presentation (February 2023)
26 slides from Westward Gold's investor presentation, Feb 16, 2023
Slide 1: Exploring for Nevada's Next Carlin-Type Gold Discovery in the Heart of the Cortez Trend
CSE: WG | OTCQB: WGLIF | FSE: IM50 February 2023 westwardgold.com Exploring for Nevada’s Next Carlin-Type Gold Discovery in the Heart of the Cortez Trend
Slide 2: Cautionary Statements
Cautionary Statements Th e information contained herein, while obtained from sources which we believe are reliable, i s not guaranteed as to i t s accuracy or completeness. T h i s presentation may contain references to historical information containing geologic and technical information, among othe
Slide 3: Company Highlights
Cortez Trend Land Package Company Highlights Exploring in Elephant Country Westward has assembled ~49km2 of highly-prospective exploration ground in Nevada across five properties and along two of the world’s most prolific gold belts: the Carlin and Cortez Trends The Company’s flagship asset – the To
Slide 4: A District Play
A District Play Toiyabe District – Neighbouring Claim Blocks Westward Holds a Dominant, District-Scale Land Position in the Area Contiguous land position has never been consolidated or systematically explored using the modern techniques employed by Westward Properties lie to the north and east of Ba
Slide 5: Carlin Trend Claims
Carlin Trend Land Package Carlin Trend Claims Westward is committed to both the organic development of our existing portfolio and growth through strategic acquisitions In October of 2022, Westward announced the acquisition of two additional properties – the Coyote and Rossi Projects – situated along
Slide 6: Leadership Team
Leadership Team COLIN MOORE | PRESIDENT, CEO & DIRECTOR MARK MONAGHAN | CHAIRMAN & DIRECTOR Mining finance professional with 15 years of industry experience 30 years of experience as an investor, adviser, founder, & board across private equity, investment banking and engineering member across severa
Slide 7: Technical Advisors
Technical Advisors STEVEN R. KOEHLER Exploration geologist with over 30 years of experience working on projects across various stages of development Past Senior Geologist on the initial discovery team at Cortez Hills, which was developed into a 10+ million-ounce gold deposit (awarded the 2005 Thayer
Slide 8: Capital Structure
Capital Structure Share Price (CSE:WG) C$0.10 52W Low C$0.05 52W High C$0.16 ADV (All exchanges) ~150k sh. Shares Out. (Basic) 81.9M Options (Avg. strike C$0.19) 4.2M Warrants (Avg. strike C$0.19) 36.4M FD Shares Out. 122.5M Market Capitalization C$8.2M Ownership Breakdown Mgmt., Directors, HNW & Re
Slide 9: Legacy Drilling
Grade-Thickness & Significant Holes Legacy Drilling Reinterpretation / modeling of past drilling has shed light DH88-296 on the nature of mineralization at Toiyabe T-719C The mineralized system at Toiyabe has demonstrated the ability to T-706C create high-grade gold near surface, as well as thicker
Slide 10: 2022 Drill Campaign at Toiyabe
2022 Drill Campaign at Toiyabe Westward’s inaugural drilling campaign was focused on proving out the lateral extent of the mineralized system on the property through aggressive step-outs from the historical resource, as well as testing blind targets / new theories 13 reverse-circulation drill holes
Slide 11: The SSD Zone
The SSD Zone Westward believes the SSD Zone represents a new, emerging gold discovery that is open for expansion in multiple directions, with minimal drilling to-date With T2210, seven drillholes now define a zone of gold mineralization that is ~150m by ~410m laterally, and up to ~50m thick The SSD
Slide 12: Carlin Down-Dip Model
Down-dip Carlin Down-Dip Carlin North Leeville Tuff West Leeville Rita K Hardie Footwall ~1M oz Au North Tuff Four Corners ~1M oz Au +7M oz Au SSE +15M oz Au Model NNW 1600m ~30 years from initial Carlin discovery to West Leeville; hosted in the same favourable stratigraphy as Toiyabe 1200m Gold min
Slide 13: Hole T2210
Hole T2210 T2210 was the most significant of the 3 holes at the Toiyabe-Saddle Down- dip Target, an area of interest identified via hyperspectral analysis Oxidation, intrusive rocks, and decalcification were observed at depth and over 215+ meters This speaks to the broader strength of system Ground
Slide 14: 2022 Drill Results
2022 Drill Results 8 of 13 holes (62%) encountered significant gold Defined as 1.5m+ (5ft+) of 0.14+ g Au/t (current oxide cut-off for operating mines in NV) 4 of the 8 had reportable intervals of 12.2m+ (40ft+) 11 of 13 holes (85%) encountered significant silver Defined as 9.1m+ (20ft+) of 1.00+ g
Slide 15: Mineralization Controls
Mineralization Controls Review of physical core samples demonstrated that major mineralizing Ov structures and favourable stratigraphy dip to the Dhc northeast (new interpretation) Open T2209 T2210 T2211 Mineralization is open near surface (historical resource Open beneath Upper Plate) and at depth
Slide 16: Hyperspectral Core Imaging
Hyperspectral Core Imaging Westward uses hyperspectral imaging technology to better understand and model mineralization, and to help vector towards new and blind targets on our properties The Company has internal expertise in the analysis / interpretation of results (VP Ex. Dave Browning & Technical
Slide 17: Reprocessed Gravity Data
Toiyabe Reprocessed Gravity Turquoise Data Canyon Dw Previous regional-scale gravity survey was reprocessed at a more localized level for improved data resolution and Dw targeting Historical resource hosted in outcropping Wenban Formation (“Dw”) along Horst and Graben structure The associated gravit
Slide 18: Turquoise Canyon
Turquoise Canyon Airborne Hyperspec. & Soils A highly-prospective greenfield property primed for first-ever drilling Turquoise Canyon shares its western boundary – and many of its structural features – with Toiyabe Surface geochemical anomalies, favourable stratigraphy, and observable structures are
Slide 19: Induced Polarization (IP) Survey
Induced Polarization (IP) Survey Vectoring in on future priority drill targets at Turquoise Canyon Induced Polarization measures chargeability and resistivity of subsurface material 17 line-kilometer survey (over 6 lines) completed, primarily covering Turquoise Canyon One line extended directly over
Slide 20: East Saddle Project
East Saddle Project Organic expansion of Westward’s presence in the district through direct staking 101 mining claims added immediately south of – and contiguous with – the Toiyabe and Turquoise Canyon Projects Increased existing land package by ~27% Strategic rationale: exposed Wenban Formation and
Slide 21: Next Steps & Catalysts
Next Steps & Catalysts Modeling of silver across Continuation of 1:5000 2023 Drilling property as a pathfinder detailed Anaconda-style Campaign element mapping to the north & east (SSD Zone ext.) Scout / step-out Toiyabe Hyperspectral imaging of 2022 RC chip trays holes with RC Additional geophysics
Slide 22: Why Nevada?
Why Nevada? Nevada is the most prolific gold mining jurisdiction in the world and one of the safest places for mining investment The most prolific gold mining jurisdiction in the world: Nevada boasts the most gold production per square kilometer(1) World-class gold deposits: 4 of the top 10 gold min
Slide 23: Modern Exploration Methods
Modern Exploration Methods Advanced understanding of Carlin-style host rocks gained since previous exploration programs resulting in reinterpreted surface mapping and drill logs Reinterpreting high-grade normal faults as multiple thrusts / ramps caused by compressional tectonic setting – common ore
Slide 24: A Corporate Commitment to ESG
A Corporate Commitment to ESG Sustainability is fundamental to our success as an organization, and is essential to maintaining our current permits ENVIRONMENTAL Westward Gold is committed to sustainable exploration and reclamation, responsible development and continuous improvement of our environmen
Slide 25: Option Terms
Toiyabe East Saddle Westward acquired the option on Toiyabe in April 83 of the 101 unpatented mining claims which 2021 from Starcore International Mines comprise the East Saddle Project are subject to the terms and conditions of the Toiyabe option Option Terms agreement; the remaining 18 are 100% ow
Slide 26: Contact Us
Contact Us 1500-1055 W Georgia St Vancouver, BC CAN V6E 4N7 info@westwardgold.com andrew@westwardgold.com +1 (604) 828-7027 26
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